PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Joel Agena Sells 20,490 Shares

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,490 shares of PLAYSTUDIOS stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $1.41, for a total transaction of $28,890.90. Following the completion of the sale, the general counsel now owns 279,711 shares in the company, valued at approximately $394,392.51. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joel Agena also recently made the following trade(s):

• On Monday, June 16th, Joel Agena sold 20,491 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.43, for a total transaction of $29,302.13.

PLAYSTUDIOS Price Performance

MYPS traded down $0.03 on Friday, reaching $1.40. 346,452 shares of the company's stock were exchanged, compared to its average volume of 233,012. The stock has a market cap of $175.11 million, a PE ratio of -5.83 and a beta of 0.91. The stock's fifty day moving average price is $1.40 and its 200-day moving average price is $1.58. PLAYSTUDIOS, Inc. has a twelve month low of $1.14 and a twelve month high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $62.71 million for the quarter, compared to analyst estimates of $64.45 million. PLAYSTUDIOS had a negative net margin of 11.30% and a negative return on equity of 5.83%. As a group, research analysts predict that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MYPS. Benchmark upgraded shares of PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 price target on the stock in a research report on Tuesday, May 6th. Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and boosted their price target for the stock from $2.00 to $3.00 in a research report on Friday, May 23rd. Finally, Macquarie lowered their price target on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PLAYSTUDIOS has an average rating of "Moderate Buy" and an average target price of $2.80.

Hedge Funds Weigh In On PLAYSTUDIOS

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in PLAYSTUDIOS by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company's stock valued at $4,430,000 after purchasing an additional 368,879 shares during the last quarter. Geode Capital Management LLC boosted its holdings in PLAYSTUDIOS by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,226,873 shares of the company's stock valued at $4,143,000 after purchasing an additional 15,853 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in PLAYSTUDIOS by 5.3% in the 1st quarter. Acadian Asset Management LLC now owns 1,433,255 shares of the company's stock valued at $1,816,000 after purchasing an additional 72,511 shares during the last quarter. Northern Trust Corp boosted its holdings in PLAYSTUDIOS by 6.1% in the 4th quarter. Northern Trust Corp now owns 786,880 shares of the company's stock valued at $1,464,000 after purchasing an additional 44,983 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in PLAYSTUDIOS by 1.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,424 shares of the company's stock valued at $919,000 after purchasing an additional 9,517 shares during the last quarter. 37.52% of the stock is currently owned by institutional investors and hedge funds.

About PLAYSTUDIOS

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.